JP Morgan’s Sarah Emly Passes Away

Fund manager averaged 21% returns over three-year period.

Sarah Emly


After struggling with her health in recent years, Sarah Emly, fund manager for JP Morgan, has died at 43.

During the UK equities team member’s time with JP Morgan, where she spent the majority of her 22-year career, Emly helped run the JPMorgan Income & Capital, JPMorgan Claverhouse, and JPMorgan Elect Managed Income investment trusts, as well as the JPM UK Equity Blue Chip and JPM UK Equity & Bond Income funds.

Emly initially joined the banking giant in 2001, when JP Morgan acquired Chase Manhattan Bank. Prior to that, she worked at Robert Fleming & Co. in 1995 after graduating from the University of Bath with degrees in international management and French. In 2000, Fleming was sold to Chase, where Emly stayed until the JP Morgan acquisition.

“She battled with ill health these past few years with a courage, humour, and determination that was truly inspirational,” the boards of the investment trusts said in a joint statement.

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Over a three-year period, Emly’s funds averaged 21% returns.

John Banker will continue to manage JPMorgan Income & Capital, while William Meadon will continue to manage Claverhouse. Both managers will oversee the managed income portion of JPMorgan Elect.

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Morgan Stanley Estimates Hedge Funds Invested $2 Billion in Crypto-assets in 2017

Client note “Bitcoin Decoded” determines 84 crypto-hedge funds launched this year.

Banking juggernaut Morgan Stanley estimated that the hedge fund industry contributed a whopping $2 billion to 2017’s cryptocurrency rise. According to Business Insider, Morgan Stanley released the sum in a note sent to clients titled “Bitcoin Decoded.”

The note also revealed that although more than 100 crypto-hedge funds have popped up since 2011, 84 launched in 2017. This year’s uptick is undoubtedly reflective of Bitcoin’s incredible price growth, from January’s $800 to nearly $20,000 over the past weekend.

The note, which contains data from both Autonomous NEXT and the bank’s own research, aims to help the interest of institutional investors at a time where CME Group and CBOE, two of the largest US-based commodity trading platforms, have launched Bitcoin futures products. So far, both exchanges have experienced relatively thin trading.

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